Cerity Partners LLC Has $1.27 Million Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cerity Partners LLC trimmed its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,906 shares of the company’s stock after selling 16,189 shares during the quarter. Cerity Partners LLC’s holdings in ZoomInfo Technologies were worth $1,268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ZI. Boston Partners bought a new stake in shares of ZoomInfo Technologies in the first quarter valued at approximately $613,000. M&G Plc purchased a new stake in shares of ZoomInfo Technologies in the 2nd quarter worth about $9,534,000. Victory Capital Management Inc. grew its position in shares of ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after buying an additional 74,455 shares during the period. Versor Investments LP purchased a new stake in ZoomInfo Technologies during the 3rd quarter valued at about $516,000. Finally, Hsbc Holdings PLC grew its position in ZoomInfo Technologies by 22.8% during the 2nd quarter. Hsbc Holdings PLC now owns 556,425 shares of the company’s stock valued at $7,054,000 after purchasing an additional 103,324 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Henry Schuck acquired 492,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the purchase, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZI. KeyCorp downgraded shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. Piper Sandler raised their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Daiwa America cut shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price for the company. Finally, Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.72.

ZoomInfo Technologies Stock Performance

ZI stock opened at $11.00 on Wednesday. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $19.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 366.79, a PEG ratio of 14.84 and a beta of 1.02. The firm has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $10.96.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.